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Category Archives: Turkey News

Turkey: Microsoft says “Turkey leads the way in MEA region”

Date: 17/12/2010Turkey: Microsoft says “Turkey leads the way in MEA region” In a recent interview, Selim Zafer Ellialti, Microsoft's OEM regional General Manager said "Turkey is one of the biggest and more mature Microsoft subsidiaries in the (MEA) region, and we have the opportunity to transfer our know how and...

Posted on 14 February 2011

Turkey: New Commercial Code to help boost investment

Date: 17/12/2010Turkey: New Commercial Code to help boost investment The Turkish parliament will vote on 11 January 2011 for a new 1,535 article commercial code. The new code would include internationally accepted accounting standards and replace the current set of codes. The aim is to increase the transparency of companies...

Posted on 14 February 2011

Turkey: Goldman Sachs says Turkey will grow faster than expected

Date: 13/12/2010Turkey: Goldman Sachs says Turkey will grow faster than expected Jim O’Neill, the Goldman Sach’s economist, who first coined investment category term “BRIC” (Brazil, Russia, India and China) has forecasted that Turkey and Indonesia will grow beyond expectations. Due to Turkey’s recent economic performance, Jim O’Neill has put Turkey...

Posted on 14 February 2011

Turkey: easyJet announce new flights to Turkey

Date: 17/12/2010Turkey: easyJet announce new flights to Turkey Starting 14th May 2011, the low cost airline announces new flights from Gatwick to Izmir. This is in addition to other flights announced by easyJet Stansted to Bodrum (starting 14 May 2011); Stansted to Bodrum (Starting 14 May 2011); Liverpool to Bodrum...

Posted on 14 February 2011

Turkey: One of the fastest growing countries in Europe

Date: 13/12/2010Turkey: One of the fastest growing countries in Europe The increase in the Turkish October industrial production index shows the expected Turkish year-end growth rate will be revised upwards according to Turkey’s State Minister for Economy - Ali Babacan, Babacan said “Industrial output increased by 9.8 percent in October....

Posted on 14 February 2011

Turkey: Fitch increases rating outlook to “positive”

Date: 24/11/2010Turkey: Fitch increases rating outlook to "positive" Fitch, the international rating agency, has increased Turkey's rating from “stable” to "positive" from "stable". Fitch believes Turkey’s economic recovery and improving public finances has given Turkey an improved rating. Fitch said "The government is lengthening the maturity of its debt, thereby...

Posted on 14 February 2011

Turkey: Moody credit rating agency upgrades Turkish outlook

Date: 23/11/2010Turkey: Moody credit rating agency upgrades Turkish outlook Moody, the international credit rating agency has upgraded Turkey’s banking sector from stable-to-negative to stable. Moody’s upgrade is to reflect the liquidity improvements, the sectors capital improvement and the improving quality of assets. According to Moody the Turkish banks net profits...

Posted on 14 February 2011

Turkey: World Bank says performance back to pre-crisis levels

Date: 17/11/2010Turkey: World Bank says performance back to pre-crisis levels The World Bank’s Country Director for Turkey, Ulrich Zachau, said Turkey’s employment levels have returned pre global financial crisis level and the economy is on course to return to growth. Zachau said “rising exports helped Turkey in its recovery,” with...

Posted on 14 February 2011

Turkey: Energy investments reach 3.8 Billion euros

Date: 15/11/2010Turkey: Energy investments reach 3.8 Billion euros During his visit to Izmir last Monday, Hasan Koktas President of EMRA (Energy Market Regulator Agency in Turkey) said that investment for 3,200 Mw has been provided by the private sector. He went on to say the private sectors investment reach TRY...

Posted on 14 February 2011

Turkey: Enerjisa to raise EUR 700 million

Date: 15/11/2010Turkey: Enerjisa to raise EUR 700 million Turkish energy company Enerjisa has launched the syndication EUR 700 million (USD 973 million) of debt, the lead managers will be – WestLB, IFC and UniCredit Bank. The syndication is part of a 1 billion EUR financing package for Enerjisa to fund...

Posted on 14 February 2011